If Fired, Heinz CEO Could Walk Away With $212 Million

Tap that moneymaker.
Tap that moneymaker. Photo: Amazon

Warren Buffett’s Berkshire Hathaway and 3G Capital companies are joining forces to purchase Heinz. Current Heinz CEO William Johnson, who’s been in charge for the past fifteen years, is getting a pretty sweet deal: If he’s fired by the new owners, he’s entitled to a $56 million golden parachute, $57 million in deferred compensation benefits, and $99.7 million in vested stock. That’s financial lingo for a few yachts, a country home, and a new Ferrari. If Johnson decides to quit at anytime he chooses, he’ll take home $40 million. Pocket change. [Earlier, AP]